Cranswick (LON:CWK) Earns House Stock Rating from Shore Capital Group

Key Points

• Shore Capital Group reaffirmed its “house stock” rating on Cranswick, while other analysts remain broadly positive. The company has a consensus “Moderate Buy” rating and an average price target of GBX 5,974.
• Cranswick shares opened at GBX 5,240, with a market capitalization of approximately £2.80 billion and a 52-week trading range of GBX 4,805 to GBX 5,810.
• Recent insider activity was net negative, with executives selling 25,861 shares in the last quarter compared with 366 shares purchased; insiders own 2.55% of the company.

Cranswick (LON:CWK - Get Free Report)'s stock had its "house stock" rating reissued by Shore Capital Group in a research note issued on Friday,London Stock Exchange reports.

A number of other analysts also recently issued reports on CWK. Royal Bank Of Canada upgraded shares of Cranswick to an "outperform" rating and lifted their price target for the company from GBX 5,500 to GBX 6,100 in a report on Wednesday, May 27th. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 5,770 price objective on shares of Cranswick in a research note on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 6,300 target price on shares of Cranswick in a report on Tuesday, July 28th. Finally, Jefferies Financial Group restated a "buy" rating and issued a GBX 6,200 price target on shares of Cranswick in a research report on Monday, July 27th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Cranswick presently has a consensus rating of "Moderate Buy" and an average target price of GBX 5,974.

Cranswick Stock Performance

LON:CWK opened at GBX 5,240 on Friday. The company has a debt-to-equity ratio of 23.26, a quick ratio of 1.02 and a current ratio of 1.76. The stock has a 50-day simple moving average of GBX 5,472.40 and a two-hundred day simple moving average of GBX 5,369.84. The firm has a market capitalization of £2.80 billion, a PE ratio of 18.06, a P/E/G ratio of 2.62 and a beta of 0.56. Cranswick has a 52-week low of GBX 4,805 and a 52-week high of GBX 5,810.

Cranswick (LON:CWK - Get Free Report) last posted its quarterly earnings data on Tuesday, May 19th. The company reported GBX 301.70 earnings per share for the quarter. Cranswick had a return on equity of 14.99% and a net margin of 5.31%.The firm had revenue of GBX 298.25 billion for the quarter. Analysts forecast that Cranswick will post 258.5590189 EPS for the current year.

Insider Transactions at Cranswick

In related news, insider Christopher Aldersley sold 9,000 shares of Cranswick stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of GBX 5,470, for a total transaction of £492,300. Also, insider Jim Brisby sold 16,500 shares of the company's stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of GBX 5,533, for a total transaction of £912,945. In the last quarter, insiders bought 366 shares of company stock worth $2,028,799 and sold 25,861 shares worth $142,526,245. Company insiders own 2.55% of the company's stock.

Cranswick Company Profile

Cranswick is a leading and innovative supplier of premium, fresh and added-value food products with revenues of c. £3.0 billion. The business employs over 16,000 people and operates from 23 well-invested, highly efficient facilities in the UK. Cranswick was formed in the early 1970s by farmers in East Yorkshire to produce animal feed and has since evolved into a business which produces a range of high-quality, predominantly fresh food, including fresh pork, poultry, convenience, gourmet products and pet food.

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